Two Sigma Investments LP Sells 9,200 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Two Sigma Investments LP reduced its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 67.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,360 shares of the construction company's stock after selling 9,200 shares during the period. Two Sigma Investments LP's holdings in Armstrong World Industries were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWI. Principal Securities Inc. increased its stake in shares of Armstrong World Industries by 11.1% in the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after buying an additional 274 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Armstrong World Industries by 8.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock worth $874,000 after acquiring an additional 456 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Armstrong World Industries by 7.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after acquiring an additional 555 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $463,000. Finally, Deutsche Bank AG lifted its position in shares of Armstrong World Industries by 48.8% during the fourth quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock worth $5,569,000 after purchasing an additional 12,927 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 0.7%

NYSE:AWI traded up $1.05 during mid-day trading on Thursday, hitting $153.95. The company had a trading volume of 232,686 shares, compared to its average volume of 274,395. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The firm has a market cap of $6.69 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.60 and a beta of 1.38. The business's fifty day moving average is $146.70 and its two-hundred day moving average is $147.72.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. During the same period in the prior year, the business posted $1.38 EPS. Armstrong World Industries's revenue was up 17.3% on a year-over-year basis. As a group, research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries's dividend payout ratio (DPR) is currently 19.68%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AWI. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Loop Capital decreased their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Truist Financial upped their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Bank of America lifted their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $157.57.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.